Jacobs receives contract from Hong Kong SAR government Jacobs announced that it has been awarded a contract from the Civil Engineering and Development Department of the Government of the Hong Kong Special Administrative Region to provide managing and operating services for the Public Works Regional Laboratory in Tai Po, Hong Kong. This contract replaces Jacobsí previous contract that was awarded in 2011. Under the terms of the contract, Jacobs is managing and operating the PWRL for a period of four years. At the laboratory, Jacobs staff provides construction materials compliance testing services to support public works projects. In addition to the laboratory in Tai Po, Jacobs is currently providing management and operating services for another laboratory in Siu Ho Wan.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Analog Devices (ADI) downgraded to Neutral from Overweight at JPMorgan... Bed Bath & Beyond (BBBY) downgraded to Market Perform at William Blair... Cameco (CCJ) downgraded to Neutral from Buy at BofA/Merrill... Clorox (CLX) downgraded to Neutral from Buy at Citigroup... Concur (CNQR) downgraded to Neutral from Buy at Roth Capital... Del Frisco's (DFRG) downgraded at Sterne Agee... Dick's Sporting (DKS) downgraded to Market Perform from Outperform at William Blair... Dresser-Rand (DRC) downgraded to Hold from Buy at KeyBanc... Equinix (EQIX) downgraded to Market Perform from Outperform at Wells Fargo... Fluor (FLR) downgraded at Wells Fargo... Gordmans Stores (GMAN) downgraded at Canaccord... Jacobs Engineering (JEC) downgraded to Market Perform from Outperform at Wells Fargo... Nanometrics (NANO) downgraded to Hold from Buy at Canaccord... ON Semiconductor (ONNN) downgraded to Neutral from Overweight at JPMorgan... Siemens (SIEGY) downgraded to Equal Weight from Overweight at Barclays... Sigma-Aldrich (SIAL) downgraded to Hold from Buy at KeyBanc... Taminco (TAM) downgraded to Hold from Buy at Jefferies... Viasystems (VIAS) downgraded to Hold from Buy at Canaccord... Watsco (WSO) downgraded to Accumulate from Buy at Global Hunter.
Jacobs Engineering opens new office in Saudi Arabia to support Saudi Aramco Jacobs Engineering Group expands with a new office in Al Khobar, Saudi Arabia, to strengthen its support for Saudi Aramco and other key clients and partners in the Kingdom of Saudi Arabia.